Feb 15 2022
Tuesday /evening 800 PM CST
Mew research indicates the stock market could continue to rise despite what appears to be a near term top now.
Do not commit either way at this time.
Looks like the SPX is completing a wave two up, PMO is toppy, RSI climbed above 50%, prepare for some downside action
It is helpful to look at the flip side of this as well.
We might be a another day from topping but again brace for a change.
HDGE
JUNK
Stocks fall seven times faster than they advance. the way JUNK is falling the greater stock market will soon exhibit the same weakness.
Notice the breakdown of the moving averages MAs. MAs tend to converge before a trend change as above, the three shorter time MAs converged in early January and now the trend is DOWN
in the main panel is a great proxy for the Dow Industrials at bottom
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